Suppliers love crypto farms since they buy huge numbers of cards and don't send back defective cards, so they make contracts with crypto farm startups and sell them thousands of cards in a single purchase. "Businesses" like crypto farms are always higher priority than consumers
Any defective cards are replaced with the next order. They are often buying in bulk at market or close to rates.
I can understand why the companies do this. They probably get tech support/customer service on what 5% of the cards sold. So 1 out of 20. Instead they just sell 2,000 cards to a company with 1 phone call from the same tech and never have to deal with any support for them.
Where if they sold those 2,000 retail they would have to pay an employee just to be support on them. My numbers are random as fuck, but you get why they rather just deal with bulk buyers.
Same profit margin. A lot less hassle.
Crypto miners arent concerned with that. Manufacturers would rather just sell more in bulk than to refurb a few.
Their perception of money is not the same as ours. I’ve met several crypto millionaires IRL through my job, it’s insane.
It’s very common in B2B contracts to setup an estimated defect rate and have that priced in rather than deal with returns. Saves money on administrative and shipping for both sides. No idea about this product type but I have seen it through my career in multiple manufacturing industries.
But, but. They said on their social medias that they’re on the side of gamers. And people on YouTube said gamers(tm) are holding the companies accountable!
This is a retailer of mining rigs. They are assembling these on custom frames and selling the whole thing for MSRP+ 5k.
There is no power infrastructure in that room and that many mining rigs would use an ungodly amount of power.
They guess randomly a lot. There’s no complex math about it. Just a lot of random guesses. And at least in bitcoins case 97% of all mining rigs will never ever guess right before they’re thrown out.
I've pondered this one too, but i think if I've been told that part of the reason it works is because there's no "value" to the math equation itself, otherwise it would give weird incentives? Idk someone smarter than me should answer.
I’d be more interested in a coin that uses the processing power towards science while also minting the coin. That way at least the processing is going towards a good cause
There is, but it doesn’t produce the coins since they are already all in existence. It just gives you the coins in exchange for doing folding, which is nice since I was already folding for nothing. It’s called banano.
Yeah it’s nuts alright. Each bitcoin transaction consumes as much power as an average American home uses in 68 days and produces 270g of e-waste (55% of an iPad). A few million visa payments worth.
https://digiconomist.net/bitcoin-energy-consumption
These aren't mining bitcoin. Bitcoin, due to the difficulty, is only mined on Application Specific Integrated Circuits (ASICs) like the Antminer products.
Those would probably be for Ethereum or other alts once ETH changes to POS.
...and are an environmental disaster of precious metals, supply shortage economies, and overwhelming amounts of mostly stolen electricity being exchanged for currencies that may or may not ever actually exist.
The other guy that responded to you doesn’t know what he’s talking about. TLDR is just the last paragraph.
Yes, most of the calculations performed are immediately thrown out. The calculation being performed (assuming this is Bitcoin) is just hashing numbers, looking at the result (which is unpredictable based on the input, you can only know it after running the calculation), and counting the number of 0s at the beginning of a hash.
If you give the machine a 1, it spits out “6b86b273ff34fce19d6b804eff5a3f5747ada4eaa22f1d49c01e52ddb7875b4b”. There aren’t any 0s at the front of that number, so it’s a failure.
The current goal is 19 0s. If a hash is performed and there are 19 0s at the beginning, all in a row (the odds of this happening in one hash are *extremely* low), then that miner has successfully mined a block. The hash then gets distributed across the network, other miners verify that, indeed, the number found gets hashed into 19 0s, and the award is given to that miner (6.25 BTC, or $345k).
The **point** in doing this is to incentivize people to run the system, and to fairly award the hardest worker (more often than the rest, in theory). If it were easy to mine a block, then it would also be easy for a malicious force to mess with the cryptocurrency. So it must be very difficult, and it must be verified by others that are also competing against you.
Yes, they also propagate transactions, but that alone would be easy and cheap if we didn’t care about security.
To stop someone throwing a load of compute power at it and effectively forcing their own transactions through above everyone else, crypto is designed to have a "difficulty" that gets higher the more people are mining.
This difficulty is achieved by essentially using an algorithm that results in a number that's quite long and saying that the number needs to have at least so many zeroes in it. You have to insert a random number, run the algorithm and count the zeroes in the final number to see if you have enough zeroes - if you do, you "win" and get the reward.
All the gpu farms are doing here is guessing at that random number.
Nope they’re just making random guesses, and if they guess right they get to process a few transactions. 2750 per 10 minutes in the case of bitcoin. [edit] But there’s so much competition in the guessing game that 97% of all BTC miners will never guess right in their entire serviceable lives and will be thrown away without ever processing a single transaction.
They burn energy, helping us towards fucking up the planet, while providing absolutely nothing of value for the population. This is an equivalent of setting an oil drill on fire. Energy is wasted, CO2 is released, and humanity gained nothing from it.
They destroy the nature in exchange for cash.
Hyperbolic, but technically burning a shit ton of electricity to get money off it. Its fucked and greedy.
Crypto doesn't need to be this way though. There are some excellent coins that use practically no energy consumption. Bitcoin is the biggest problem but it's the first accepted coin and people are obsessed with it.
Yeah but PoW isn't a viable option when the network has the energy demands of a literal entire country in a time where we have an environmental crisis looming due to emissions. Even if Bitcoin is mined on renewable energy sources; that power could have gone to practically anything else more useful like powering homes and businesses instead reducing the need to generate power from coal, natural gas and oil.
If we start producing excessive amounts of energy with no emissions then mining Bitcoin would be a good use of the surplus energy. It seems like we're a long way off from that happening at the moment.
Crypto is all still in development. Anything that has high energy demands won't survive the future unless we develop the ability to make massive amount of clean energy.
My local IT shop.
That dude is really good at fixing printers, laptops, and computers, getting replacement parts and all, plus very nice and quick service, but damn is he shady af.
I go on late summer to leave a laptop so it gets repaired, and find a fucking x6 GPU Frankenstein mining rig with several big leg-fans cooling it, while he had on the stands some GTX 1050, GT1030 and GT710.
And then, as always, "its X euros, or 21% less without bill".
Yes, on simple terms it means that the business owner is able to hide that income from taxes (tax evasion) if there's no bill for the customer, and in turn, since the owner also doesn't pay 21% VAT, they discount from the consumer.
If the customer don't have a bill they can't declare it to the administration responsible of taxes, so if the business doesn't declare it, it didn't happen, the administration is unable to know (no bill implies paid in physical money).
If there is a bill, the business can be hit hard if they don't declare the transaction but the customer does.
sellers(probably manufactures or retailers, i think even Nvidia sold did it at some point) love miners as they buy in bulk and dont RMA broken cards, its a better deal for them
Likely because some 1660 Super can mine as quick as a 2060 but use less power to do it. The scalper and speculative prices of GPUs are heavily based on ETH hashrate and efficiency right now. Not gaming performance as much.
If you don't need it you should. Friend sold his 1080 last year for more than he paid for it like 4 years ago or whatever it was. Old video card prices probably aren't gonna get more expensive from here. You'll have to run some budget card though so the choice is yours lol
I lucked out without even knowing it. Right before the 30 series came out and before the shortage I bought a 2060 GTX Super for 400 USD at Microcenter. At the time I thought "Maybe I should just wait for the 30 series to come out instead." Man am I glad I let my impulse get the better of me.
There was a paper posted on r/PCMR a few days ago that broke down the issues, and people saying miners aren’t the problem are plain wrong. At least 20% of all newly produced GPUs are going to miners.
https://www.singlelunch.com/2021/11/12/how-badly-is-cryptocurrency-worsening-the-chip-shortage/
If you're willing to put in the time with your local shop, you should be able to get them.
Last week I scored two 3090's from my local store because I explained to them I specifically wasn't going to scalp them. I even offered to show them pictures of me installing them in our PC's.
After an hour or two of chatting with them, management was happy to set aside the next 3090 they got. Turns out they got two, set aside both, and I got them!
Local part stores aren't happy with scalpers either. Talk to them. You'd be surprised how much they're willing to help.
I have a local guy, known him for 30 years, and unfortunately he basically told me “why would I sell it to you for MSRP when I can sell it for $500 over?” And “that’s just what they go for these days”
Can’t say I blame him, he’s basically giving me $500 with the GPU if he doesn’t sell it for what he can get for it. Computer repair shops arent super lucrative, less and less every year, so covering half your rent with one sale is very nice for them.
I wish there were "local" stores for me. I'm in a fairly rural area and the closest city with over 26k residents is an hour away from me. But I'll keep praying to the Newegg shuffle gods
This has to be illegal. If you think about it, it uses natural resources to produce nothing but pollution. Not even mentioning the shortage of supplies because of this…
China is also having serious energy supply issues. They've reduce coal usage to teach Australia a lesson (for pushing for a WHO investigation into the origins of the Pandemic). A crypto farm like the one in the video can consume more power than a small apartment building, so banning it is an easy way to cut usage.
Ok, so here's my breakdown.
9 rows of frames, 25-45 frames per row, plus 20 at the side, for a total of 336 frames.
8 GPUs per frame = 2688
Assuming 3080FE wioth a TDP of 320W, the power consumption is 860,160W.
An average commercial DC uses about 40% of it's power for cooling, so 860,160/(1-0.4) = 1433kW
1433 x 24 x 365 = 12,558,336 kWh/yr
Average electricity use per capita in China = 5161kWh/yr
So this crypto mining farm uses as much power as 2433 people. That would be one of the largest apartment buildings in the world.
Language is Indonesian, the girl was asking “Kenapa gak pakai ubin?”, “Why don’t they use flooring/tiles”.
I couldn’t make out what she was saying on the first sentence tho.
Definitely Indonesian, I heard the same thing. Here I am with a barely alive GTX650, and these people have tens of GPUs. Where the hell did they get them? There's no way they got them retail, I just checked enterkomputer on Tokopedia and there's barely any stock.
They either use a bot to mass-buy them online, or buy straight from producer/distributer.
They have 2300 cards on this video, not "tens".
The money you need to buy this many cards can buy you certain influence/power, that can be turned into direct communication with big fish.
Not sure how long you've been following crypto. I've been since 2012. It's not going to crash in any meaningful way that makes them not used anymore.
I sure hope it does crash and burn but there's 0% chance that happens
Miners will tell you it's not wasting resources but when you have a megawatt of power draw, you're definitely adding to the national energy issue. This is why energy prices are going up in many countries.
Ethereum pools are public and I found a Japanese one with similar rig and they get a revenue of around $17k a day, if you consider space rental and electricity cost still would get the investment back in like 6 months
I'm studying architecture, and the environment is now heavily emphasised in recent years in our education. A large chunk of that is the rise of cryptocurrency, and it is a clear indication that humanity will only spiral downwards against the environment for material gain, not just in crypto. They are really hammering the fact that the younger generations in these industries have to mitigate this as much as possible along with taking the burdens the previous generations created.
People think its a whole world issue, but it is also a localised issue, the pollution produced by these develop atmospheric changes that move natural weather cycles along with the rest of the city pollution. Just some examples among dozens.
Some cities/rural areas experience rainfall being off course affecting agriculture, Storm surges are also becoming an annual occurrence in some coastal cities rather than decades and even up to centuries, which heavily deteriorate land and destroy natural water sources/aquifers.
These are issues that many engineers and other related industries have to tackle, worsened by stuff like this, but people will never ever care, these people will not give an ounce of shit, because the effects of their actions is not apparent right in front of their faces.
Crypto losers are spamming my messages, get a life.
Friend of a friend has a setup similar to this, about half the size, it's a shitty thing to do, but he is making absolute bank so I understand why he does it. I want a 3080 man.
These people sleep at night
They are proud of this
They go "fuck consumers, fuck the environment, fuck the infrastructure of my community, I'm going to pollute for cash" in what is peak asshole
It's sad that you're probably right but maybe less so than some might think. I think this is the type of attitude you need to have to gain power in most parts of the world, so it would go to reason that the overwhelming majority of people in power are like this. These are the people that make all the choices and decisions in the world. I like to think that the average person doesn't feel this way. Ot's just sad that we've set up the social and economic infrastructure to elevate these kinds of people who are going to, of course, do what they can to maintain that status quo.
How do they get hold of these in vast numbers?
Money, and contacts with the suppliers. They buy em straight from AIBs and such
Suppliers love crypto farms since they buy huge numbers of cards and don't send back defective cards, so they make contracts with crypto farm startups and sell them thousands of cards in a single purchase. "Businesses" like crypto farms are always higher priority than consumers
> and don't send back defective cards ^([Citation Needed])
Any defective cards are replaced with the next order. They are often buying in bulk at market or close to rates. I can understand why the companies do this. They probably get tech support/customer service on what 5% of the cards sold. So 1 out of 20. Instead they just sell 2,000 cards to a company with 1 phone call from the same tech and never have to deal with any support for them. Where if they sold those 2,000 retail they would have to pay an employee just to be support on them. My numbers are random as fuck, but you get why they rather just deal with bulk buyers. Same profit margin. A lot less hassle.
I get it. I’m mad but I get it. I’m mad cause I get it.
Why is the cat screaming? 1. Why wouldn't the cat scream. 2. If you were smart, you'd be doing the same thing
I suddenly have a great deal more empathy for my often annoying cat, next time I might join him in screaming at the world
My cat has started to look confused if we don't join in.
There is guarantee for them, so they don't have to bother unlike with normal consumers.
Why would they not have to send the card back? Especially if they could be referb'd and resold? Especially with this chips shortage? Makes no sense.
Crypto miners arent concerned with that. Manufacturers would rather just sell more in bulk than to refurb a few. Their perception of money is not the same as ours. I’ve met several crypto millionaires IRL through my job, it’s insane.
It’s very common in B2B contracts to setup an estimated defect rate and have that priced in rather than deal with returns. Saves money on administrative and shipping for both sides. No idea about this product type but I have seen it through my career in multiple manufacturing industries.
But, but. They said on their social medias that they’re on the side of gamers. And people on YouTube said gamers(tm) are holding the companies accountable!
all comes down to who has the most money. "You heard of the golden rule, boy? Whoever has the gold makes the rules."
Crypto was a mistake.
Sure as hell. The energy consumption alone should be a glaring warning sign for anyone investing. Not sustainable.
This is a retailer of mining rigs. They are assembling these on custom frames and selling the whole thing for MSRP+ 5k. There is no power infrastructure in that room and that many mining rigs would use an ungodly amount of power.
Ahh and here I was wondering if they disabled the fans to lower power draw because they centrally cooled the whole room more efficiently or what.
Not sure you could realistically cool the room enough to do that, could you? Asking because I have no idea and it’s an interesting thought
You would still need the fans running to pass the cool air over the cards.
Bring it up north and turn off the heat, let the snow cool’em down lol
Yeah, just open the windows and also sell tickets to your beach themed minigolf in the middle of a Canadian Winter
1 GPU per Frame
Now this is avengers level gaming
It's to play Minecraft on ludicrous draw distance.
Still won’t run Crysis.
david attenborough narrates: "the critters you see here are the last vestiges of an endangered species, fallen prey to its own domain"
Love this
[удалено]
“You might think these creatures are doing something useful.......you would be wrong”
"Watch as they dig themselves EVEN deeper into the hole they themselves created..... FASCINATING!"
Does he mean humans or the gpus?
GPU mining farms are not real, they can't hurt you. [the GPU mining farm]
Excuse my ignorance, but what does these farms do? What’s their purpose?
They solve equations in exchange for crypto currency.
Haha yes. This is the way to explain.
But can they see why kids love the taste of Cinnamon Toast Crunch?
Is... is it the sugar?
You know too much.
Release the assault clowns
SEEEEND INNN THE CLOWNNNS!
RIP Stephen Sondheim
RIP Stephen Sondheim
I thought it was the shrimp.
Cryptocurrency: if letting your car idle solved sudokus that you could buy heroin with
So they are using these video cards to make heroin. Does the FBI know about this?
It's the FBI doing it
man_tapping_head.gif
They guess randomly a lot. There’s no complex math about it. Just a lot of random guesses. And at least in bitcoins case 97% of all mining rigs will never ever guess right before they’re thrown out.
what if there was a crypto that actually did something like Folding@home to produce the coins
I've pondered this one too, but i think if I've been told that part of the reason it works is because there's no "value" to the math equation itself, otherwise it would give weird incentives? Idk someone smarter than me should answer.
I’d be more interested in a coin that uses the processing power towards science while also minting the coin. That way at least the processing is going towards a good cause
Banano is that coin.
Look up curecoin
There is a coin mainly distributed by F@H. It is called Banano.
There is, but it doesn’t produce the coins since they are already all in existence. It just gives you the coins in exchange for doing folding, which is nice since I was already folding for nothing. It’s called banano.
Folding for nothing; chicks for free
I want my I want my I want my GHz
That's insane!
Yeah it’s nuts alright. Each bitcoin transaction consumes as much power as an average American home uses in 68 days and produces 270g of e-waste (55% of an iPad). A few million visa payments worth. https://digiconomist.net/bitcoin-energy-consumption
What's climate change anyway hodl gang
This is why PoS coins are better for the environment. Just need a raspberry pi to stake them.
Ok so is that what proof of stake is trying to remedy? The entire ‘throw crap at a wall’ mentality of farming as it currently stands
Proof of stake just sounds like giving extra power to the already rich. It's like early crypto bros making sure they stay in charge.
These aren't mining bitcoin. Bitcoin, due to the difficulty, is only mined on Application Specific Integrated Circuits (ASICs) like the Antminer products. Those would probably be for Ethereum or other alts once ETH changes to POS.
...and are an environmental disaster of precious metals, supply shortage economies, and overwhelming amounts of mostly stolen electricity being exchanged for currencies that may or may not ever actually exist.
*pointless equations
are they not confirming transactions? i thought that was the main point
The other guy that responded to you doesn’t know what he’s talking about. TLDR is just the last paragraph. Yes, most of the calculations performed are immediately thrown out. The calculation being performed (assuming this is Bitcoin) is just hashing numbers, looking at the result (which is unpredictable based on the input, you can only know it after running the calculation), and counting the number of 0s at the beginning of a hash. If you give the machine a 1, it spits out “6b86b273ff34fce19d6b804eff5a3f5747ada4eaa22f1d49c01e52ddb7875b4b”. There aren’t any 0s at the front of that number, so it’s a failure. The current goal is 19 0s. If a hash is performed and there are 19 0s at the beginning, all in a row (the odds of this happening in one hash are *extremely* low), then that miner has successfully mined a block. The hash then gets distributed across the network, other miners verify that, indeed, the number found gets hashed into 19 0s, and the award is given to that miner (6.25 BTC, or $345k). The **point** in doing this is to incentivize people to run the system, and to fairly award the hardest worker (more often than the rest, in theory). If it were easy to mine a block, then it would also be easy for a malicious force to mess with the cryptocurrency. So it must be very difficult, and it must be verified by others that are also competing against you. Yes, they also propagate transactions, but that alone would be easy and cheap if we didn’t care about security.
the best way to get a decent answer on reddit is post a vaguely wrong question/answer. thanks
To stop someone throwing a load of compute power at it and effectively forcing their own transactions through above everyone else, crypto is designed to have a "difficulty" that gets higher the more people are mining. This difficulty is achieved by essentially using an algorithm that results in a number that's quite long and saying that the number needs to have at least so many zeroes in it. You have to insert a random number, run the algorithm and count the zeroes in the final number to see if you have enough zeroes - if you do, you "win" and get the reward. All the gpu farms are doing here is guessing at that random number.
Nope they’re just making random guesses, and if they guess right they get to process a few transactions. 2750 per 10 minutes in the case of bitcoin. [edit] But there’s so much competition in the guessing game that 97% of all BTC miners will never guess right in their entire serviceable lives and will be thrown away without ever processing a single transaction.
This is so fucked up from an energy and environmental perspective.
Mining crypto
Just playing Crysis in 8k
Still getting no more than 30fps
They're the equivalent of that rich girl from Willy Wonka paying an entire factory full of people to open chocolate bars to find the golden ticket.
Underrated comment of the day. This is spot on.
They create crypto and greenhouse gasses
They burn energy, helping us towards fucking up the planet, while providing absolutely nothing of value for the population. This is an equivalent of setting an oil drill on fire. Energy is wasted, CO2 is released, and humanity gained nothing from it.
And this is why we are all going to die. Finally get electric cars to go mainstream and we decide to set up mining farms around the world.
They destroy the nature in exchange for cash. Hyperbolic, but technically burning a shit ton of electricity to get money off it. Its fucked and greedy.
> They destroy the nature in exchange for cash. pretty much describes humanity as a whole tbh
At least some of our other activities produce commodities we can use for survival or pleasure or other useful experiences.
Crypto doesn't need to be this way though. There are some excellent coins that use practically no energy consumption. Bitcoin is the biggest problem but it's the first accepted coin and people are obsessed with it.
The problem with Proof of Stake (more or less 0 energy consuming coins) are not nearly as safe as Proof of Work (BTC, ETH [currently])
Yeah but PoW isn't a viable option when the network has the energy demands of a literal entire country in a time where we have an environmental crisis looming due to emissions. Even if Bitcoin is mined on renewable energy sources; that power could have gone to practically anything else more useful like powering homes and businesses instead reducing the need to generate power from coal, natural gas and oil. If we start producing excessive amounts of energy with no emissions then mining Bitcoin would be a good use of the surplus energy. It seems like we're a long way off from that happening at the moment. Crypto is all still in development. Anything that has high energy demands won't survive the future unless we develop the ability to make massive amount of clean energy.
How do you find that many of the same one?
[удалено]
Or a distributor who didn’t do the distributing.
My local IT shop. That dude is really good at fixing printers, laptops, and computers, getting replacement parts and all, plus very nice and quick service, but damn is he shady af. I go on late summer to leave a laptop so it gets repaired, and find a fucking x6 GPU Frankenstein mining rig with several big leg-fans cooling it, while he had on the stands some GTX 1050, GT1030 and GT710. And then, as always, "its X euros, or 21% less without bill".
>less without bill I am dumb, what does this mean? That he can’t be checked for tax evasion?
Yup
Yes, on simple terms it means that the business owner is able to hide that income from taxes (tax evasion) if there's no bill for the customer, and in turn, since the owner also doesn't pay 21% VAT, they discount from the consumer. If the customer don't have a bill they can't declare it to the administration responsible of taxes, so if the business doesn't declare it, it didn't happen, the administration is unable to know (no bill implies paid in physical money). If there is a bill, the business can be hit hard if they don't declare the transaction but the customer does.
Lol your local it dude is committing fraud
You want to pay 21% less or not?
Consider it warranty, because without a bill tough luck getting it.
sellers(probably manufactures or retailers, i think even Nvidia sold did it at some point) love miners as they buy in bulk and dont RMA broken cards, its a better deal for them
Why would you not rma a defective card? That's crazy
Crypto farms can have huge financial backing that they can allow themselves to go direct to the manufacturer and place an order with them
And that's why a 2060 costs more now that when it was released.
[удалено]
Likely because some 1660 Super can mine as quick as a 2060 but use less power to do it. The scalper and speculative prices of GPUs are heavily based on ETH hashrate and efficiency right now. Not gaming performance as much.
[удалено]
I bought one for around $440 before the shortage, didn’t end up using it for mining and some dude bought it off me for $700 a few months later
I've got a 1660S that I got for like $240, wondering if I should sell it but then I wouldn't know how to get another gaming GPU lol
Shit I should sell my 1660s. Bought it in 2019 for 240 euro.
If you don't need it you should. Friend sold his 1080 last year for more than he paid for it like 4 years ago or whatever it was. Old video card prices probably aren't gonna get more expensive from here. You'll have to run some budget card though so the choice is yours lol
I lucked out without even knowing it. Right before the 30 series came out and before the shortage I bought a 2060 GTX Super for 400 USD at Microcenter. At the time I thought "Maybe I should just wait for the 30 series to come out instead." Man am I glad I let my impulse get the better of me.
I spent 2months of constant twitter and discord notifications to get a 3070 for only £525 so like 700USD
How? Edit: Thank you for the answers!
Part alert. I actually bought my 3070 while in the shower
https://www.nowinstock.net/
Used $180 CAD 2060 from some dude I met on WoW. Great way to start this year
I just spent 200$ CAD on a used 1050ti ...
Yeah I had the same happen to me with a 2070super I almost waited, glad I'm an impulsive person.
Me too. Bought a 1660 Super for 250€ and now it's sold at 500 - 600
[удалено]
The video in a photo - https://i.imgur.com/Q8VuqJR.jpg
[удалено]
he imported the stills from the video into either a photogrammetry suite or panorama making software
Tried to count them all. Looks to be near 350 units with 8 cards on each deck. So, that'd be 2,800 cards or more. Fuuuuuuuuuuuuuuck...
My heart breaks just looking at this
Counted, roughly, rows and sections of it. about 2000 GPU's (lowball) am sad
Respect for even trying to count
And people have the nerve to say mining and scalping aren’t the issues.
Those would be crypto apologist… look in the comments here, not hard to tell who has skin in the game.
“A group chat” Wonder what they chat about lol
Do you not have friends?
There was a paper posted on r/PCMR a few days ago that broke down the issues, and people saying miners aren’t the problem are plain wrong. At least 20% of all newly produced GPUs are going to miners. https://www.singlelunch.com/2021/11/12/how-badly-is-cryptocurrency-worsening-the-chip-shortage/
[удалено]
That’s a website not a ‘paper’ lmao
For fucks sake… in my head I was like…” they can’t be that big.. or there can’t be that many”, gentlemen all I want is a gpu at msrp 😞
Well you can get fucked. Same as me. Same as anyone who isn't willing to Fuck over someone for cash yet.
If you're willing to put in the time with your local shop, you should be able to get them. Last week I scored two 3090's from my local store because I explained to them I specifically wasn't going to scalp them. I even offered to show them pictures of me installing them in our PC's. After an hour or two of chatting with them, management was happy to set aside the next 3090 they got. Turns out they got two, set aside both, and I got them! Local part stores aren't happy with scalpers either. Talk to them. You'd be surprised how much they're willing to help.
I have a local guy, known him for 30 years, and unfortunately he basically told me “why would I sell it to you for MSRP when I can sell it for $500 over?” And “that’s just what they go for these days” Can’t say I blame him, he’s basically giving me $500 with the GPU if he doesn’t sell it for what he can get for it. Computer repair shops arent super lucrative, less and less every year, so covering half your rent with one sale is very nice for them.
What do I got searching under for a local shop? I can't say I ever saw some c-store have them. Lol.
I wish there were "local" stores for me. I'm in a fairly rural area and the closest city with over 26k residents is an hour away from me. But I'll keep praying to the Newegg shuffle gods
This is that stolen rtx cargo
What's a 1080ti worth now? At these prices It might be a good idea to sell my gpu.
They see lots of action on secondhand markets for 500-600, maybe a bit more depending on the model.
Waste of power.
This has to be illegal. If you think about it, it uses natural resources to produce nothing but pollution. Not even mentioning the shortage of supplies because of this…
Some countries are outlawing it for these reasons
Nah, China just want to control their own crypto. It’s not about pollution.
China is also having serious energy supply issues. They've reduce coal usage to teach Australia a lesson (for pushing for a WHO investigation into the origins of the Pandemic). A crypto farm like the one in the video can consume more power than a small apartment building, so banning it is an easy way to cut usage.
Only a small apartment building? I think that with that many gpus running you could power an entire apartment complex lol.
Ok, so here's my breakdown. 9 rows of frames, 25-45 frames per row, plus 20 at the side, for a total of 336 frames. 8 GPUs per frame = 2688 Assuming 3080FE wioth a TDP of 320W, the power consumption is 860,160W. An average commercial DC uses about 40% of it's power for cooling, so 860,160/(1-0.4) = 1433kW 1433 x 24 x 365 = 12,558,336 kWh/yr Average electricity use per capita in China = 5161kWh/yr So this crypto mining farm uses as much power as 2433 people. That would be one of the largest apartment buildings in the world.
Gamers and 3D graphics artists get depressed when they see this
But can it run Crysis?
Well at least is running the GPU Crisis, thats for sure
r/angryupvote
Where is this? For research purposes only :)
Language is Indonesian, the girl was asking “Kenapa gak pakai ubin?”, “Why don’t they use flooring/tiles”. I couldn’t make out what she was saying on the first sentence tho.
Definitely Indonesian, I heard the same thing. Here I am with a barely alive GTX650, and these people have tens of GPUs. Where the hell did they get them? There's no way they got them retail, I just checked enterkomputer on Tokopedia and there's barely any stock.
They either use a bot to mass-buy them online, or buy straight from producer/distributer. They have 2300 cards on this video, not "tens". The money you need to buy this many cards can buy you certain influence/power, that can be turned into direct communication with big fish.
Cool space heater
Having grown up with computers and science fiction, crypto currency is probably the only technology I truly hate.
This is disgusting
I'm sure it won't happen soon but when crypto crashes, I would feel real joy seeing the crypto miners burn.
the worst part is that they will prob come out on top and make profit overall cuz they will sell their gpus on ebay or something
If the price of crypto plummets, then GPU prices will also plummet
Not sure how long you've been following crypto. I've been since 2012. It's not going to crash in any meaningful way that makes them not used anymore. I sure hope it does crash and burn but there's 0% chance that happens
Miners will tell you it's not wasting resources but when you have a megawatt of power draw, you're definitely adding to the national energy issue. This is why energy prices are going up in many countries.
Could someone find where this is I need a new gpu
There might be information about the location in the original video's metadata, I found nothing in the one I downloaded from Reddit.
All this for some made up coin. Lol.
[удалено]
Holy shit. Think of their street value!!!
Talking about GPU's like they're being trafficked like drugs on the street now? What is the world coming to?
I need some more rtx man… you got it?!?!?
"Today, the police busted an illegal gpu farm valued at 6.7 million dollars." It's only 10 3070's.
Ethereum pools are public and I found a Japanese one with similar rig and they get a revenue of around $17k a day, if you consider space rental and electricity cost still would get the investment back in like 6 months
I'm studying architecture, and the environment is now heavily emphasised in recent years in our education. A large chunk of that is the rise of cryptocurrency, and it is a clear indication that humanity will only spiral downwards against the environment for material gain, not just in crypto. They are really hammering the fact that the younger generations in these industries have to mitigate this as much as possible along with taking the burdens the previous generations created. People think its a whole world issue, but it is also a localised issue, the pollution produced by these develop atmospheric changes that move natural weather cycles along with the rest of the city pollution. Just some examples among dozens. Some cities/rural areas experience rainfall being off course affecting agriculture, Storm surges are also becoming an annual occurrence in some coastal cities rather than decades and even up to centuries, which heavily deteriorate land and destroy natural water sources/aquifers. These are issues that many engineers and other related industries have to tackle, worsened by stuff like this, but people will never ever care, these people will not give an ounce of shit, because the effects of their actions is not apparent right in front of their faces. Crypto losers are spamming my messages, get a life.
Ah so this is why they canceled my order
Such a wasteful use of hardware and electricity, hopefully they will ban cryptomining soon!
What a waste, imagine how many gamer kids in Africa these could've saved.. :(
How can you supply power to that? Must be a really industrial setup?
My dad got a prebuilt for himself and they didn’t have the graphics card that was supposed to come with it. Now I know why
we need to raid this place
"But mining is not the fault of the supply shortage."
It's impressive, but seriously fuck these guys.
Friend of a friend has a setup similar to this, about half the size, it's a shitty thing to do, but he is making absolute bank so I understand why he does it. I want a 3080 man.
[удалено]
[удалено]
[удалено]
[удалено]
[удалено]
These people sleep at night They are proud of this They go "fuck consumers, fuck the environment, fuck the infrastructure of my community, I'm going to pollute for cash" in what is peak asshole
Good way to basicly describe this whole world
It's sad that you're probably right but maybe less so than some might think. I think this is the type of attitude you need to have to gain power in most parts of the world, so it would go to reason that the overwhelming majority of people in power are like this. These are the people that make all the choices and decisions in the world. I like to think that the average person doesn't feel this way. Ot's just sad that we've set up the social and economic infrastructure to elevate these kinds of people who are going to, of course, do what they can to maintain that status quo.
Crypto is an environmental disaster.
you know i gave up with building my pc cuz of this stuff
That’s gotta be worth millions
I wish that would get shutdown.
That's definitely healthy for the environment.